Petrol prices cut by three supermarkets

Kev Rogers

Three major supermarkets have announced they are cutting their fuel prices.

Sainsbury’s, Tesco and Asda all said they would reduce prices by 2p per litre, with th the reductions taking effect from today.

A spokesman for the AA said: “The UK average price for petrol is currently around 113p per litre and these welcome decisions on making further price cuts will eventually filter down in some form to other retailers.

“So the UK average price will fall further as we enter 2015. However, just how far it falls is anyone’s bet. Current indications are that the magical £1-per-litre average price across the UK is still looking unlikely in the short term.”